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  • #35,281
  • Apr 9, 2014 9:52am Apr 9, 2014 9:52am
1h cadjpy 1800 CANDLE GMT+3

tdi + trendline cross

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  • #35,282
  • Apr 9, 2014 10:11am Apr 9, 2014 10:11am
I went short on the NU. guys I need your help to find an indicators that draw support and resistance lines automatically..
  • #35,283
  • Apr 9, 2014 10:29am Apr 9, 2014 10:29am
could anyone please let me know the following indicators name? I will download from the paper clip:

1) That draws the ADR high and low on the chart.
2) Prev Weekly and Daily Fibs level, I saw someone chart with Prev W and D Fibs of 50%, 127 and 161.8%.

Thank you,
  • #35,284
  • Apr 9, 2014 10:34am Apr 9, 2014 10:34am
Quoting Direwolf
Interesting pair I've spotted is NZDUSD daily chart. I'll be looking to short this one.
Good pickup.

Monthly show retracements after 1100-1500 pip runs and these retracements are all Bear moves near 800-1000 pips!...latest Bull run was 1050.

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Daily shows retracement labeled #1 honored 38% Fib level normally indicating a continuation of the move. Retracement #2 did the same. However, retracement #3 bottomed below the 78% Fib level which can mean waning of the Bull move.

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H4 shows a nice close below PAC with a decent TDI cross on the 4/9/1200 HA. To take that position would require a 60 pip S/L meaning we'd have to target the 61.8% Fib to reach R:R of 1:1.

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H1 tells us the lower risk entry and it happened a few hours ago at 4/9/1200 (FXDD). Pull the trigger now and you'd get to the party 30 pips late

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If you can live with the H4 S/L...looks pretty sound to me. If the Fundamentals supported a retracement of the historical Monthly size, you'd be risking 60 pips to hopefully make 800-1000. Them ain't bad odds!!!!!!!!!!!!

Good luck.
  • #35,285
  • Apr 9, 2014 10:43am Apr 9, 2014 10:43am
Thanks for your analysis Zoopots! Such an eye-opener as always

I think it's best to take this as a daily trade. Taking it on lower time frame would be chasing after it a bit but daily PA still looks valid. Will see how it closes
Everything you can imagine, is real - Pablo Picasso
  • #35,286
  • Apr 9, 2014 11:01am Apr 9, 2014 11:01am
Can't stop myself from making another pdf. Thanks again Zoopots.
Attached File(s)
File Type: pdf Zoopots 2014-04 - 35294 - NZDUSD.pdf   1.1 MB | 679 downloads
Everything you can imagine, is real - Pablo Picasso
  • #35,287
  • Apr 9, 2014 11:06am Apr 9, 2014 11:06am
Quoting emmanuel7788
{quote} Hi guruenu, Look at Weekly chart, do you see the 2013 High? Draw a horizontal line on that 2013 High Edit: What do you see? Then switch down to Day chart, what do you see? Is Day bias buy or sell? Now go to H4 chart, do you see APB#1 and APB#2 and TDI cross down or pointing 4-6 direction? Which is the setup candle? Then it will be easier to make a trade GO / NO-GO decision with consistent top down approach.

Hi emmanuel,

Honestly I am having a difficult time analyzing the bias. Do you mean if the Daily is in an upward trend then I only have to look for a buy and vise versa? How would i know also if the trend on the daily is reversing. I hope you can help me with this. I think this is my weakness. I have put some trade that i should not have because it goes to the opposite direction.


Gurenu
  • #35,288
  • Apr 9, 2014 11:16am Apr 9, 2014 11:16am
Taken on Gold
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Sad i'm not trying to understand PA
  • #35,289
  • Apr 9, 2014 11:17am Apr 9, 2014 11:17am
Quoting Direwolf
Can't stop myself from making another pdf. Thanks again Zoopots. {image}
Just shot up, FOMC presumably, see what how it looks when market settles.
  • #35,290
  • Apr 9, 2014 11:36am Apr 9, 2014 11:36am
Quoting pastecopy
could anyone please let me know the following indicators name? I will download from the paper clip: 1) That draws the ADR high and low on the chart. 2) Prev Weekly and Daily Fibs level, I saw someone chart with Prev W and D Fibs of 50%, 127 and 161.8%. Thank you,

Here....which ADR are you looking for mate?

ADR= LFL-ATRprojections

ADR= xADR
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Sad i'm not trying to understand PA
  • #35,291
  • Apr 9, 2014 12:51pm Apr 9, 2014 12:51pm
Quoting Zoopots
{quote} NZDCHF H1 update Headlines: BRN .7700 held. MT4 alarm went off last night when PA hit .7670. Drug my rear out of bed and managed the position. As I have the day off doing chores I'm doing so via an H1 chart...what a pain. Upon reaching +60 pips protected I'll switch to my normal H4 routine. Currently S/L moved to .7687, +20 protected; TP moved to .7587 in the +100 pip range. MFE stands at +70. Thanks to my Swiss relatives for helping this trade out...LOL. {image}
H1 S/L hit for +32 on trade. Too much babysitting on an H1 but the profit is nice.
  • #35,292
  • Apr 9, 2014 1:10pm Apr 9, 2014 1:10pm
Quoting Zoopots
{quote} USDCHF 4/9/1600 update (an hour early): Moved S/L to .8855 to protect +60 (7 pips >PAC); moved TP to .8780 (old DSR level and < Fib 61.8); PA surfing PAC (I love it!); ignored 4/9/0800 TDI Buy signal for obvious reasons. Note the red DT line I placed on the chart, FYI I find these trend lines that have such steep slope are not dependable...so I place more emphasis on PA + PAC relationship. {image}
4/9/2000 update (an hour early...came in the house for lunch)-

Moved S/L +10 more pips into profit to .8845 protecting +65 pips profit; moved TP just below 78.6% Fib level to .8750. MFE so far is 125 pips which is "normal" for an H4 chart. Has broken the lows of 1 April so may think about going to the March lows. As long as it surfs the PAC...I'm a happy camper. One more High Impact news release for the USD this week and the G20 fiasco....I mean, meetings. For newbies trying to determine what's right for you, I can only say that the H4 is like Wrangler Jeans....real, comfortable jeans trading. It boils down to:

1. What timeframe do I want to trade?
2. How will I enter?
3. How will I manage the position?
4. What's my exit strategy?

You can write volumes about each of the 4 points above, but for me, it's all about......

Get the garbage off your charts and stick with your plan (hopefully, TMS) and have faith!

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  • #35,293
  • Apr 9, 2014 1:23pm Apr 9, 2014 1:23pm
Reference the NZDCHF H1 short-term traded last night:

There's a trading "rule" that when trendlines are broken they almost always are retested by PA. Although I closed this position, if you're in to H1 trades here's an entry to watch for:

The six day UT line was broken and currently being retested. Additionally, the current DT line is acting as resistance near .7680 with BRN .7700 above that as discussed in earlier posts. Watch for a TDI jump entry short in the hours ahead to see if the current move south is sustained.

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  • #35,294
  • Apr 9, 2014 1:39pm Apr 9, 2014 1:39pm
Quoting Bizzzle
Another Great post: {image}
Can you post a link where I can read this post please?
  • #35,295
  • Apr 9, 2014 2:07pm Apr 9, 2014 2:07pm
Quoting timginter
-10 pips on EU... Pros: first bull candle, TDI angle ~1:30, bigger candle compared to previous ones, closed above PAC and 5MA (though it's not on that screenshot), stochastics going up Cons: MBL (yellow) curving down, overall TSL (red) direction down-ish since yesterday, after a "long" overbought uptrend Honestly, I feel I took it out of boredom, I was hoping it will brake yesterday's high and continue towards last week's high. Not too much room so 10 pips SL and TP{image} I'll appreciate comments if I missed something. Learning on my own mistakes,...
Surprisingly this one was not that bad. On H4 EU went to +10 pips on next candle, another 39 pips on the following, but probably only because of the news so I'll call it luck
  • #35,296
  • Apr 9, 2014 2:23pm Apr 9, 2014 2:23pm
Quoting MrAussieFX
{quote} Hi as33156, I am still waiting on my TDI to cross but I'm worried about the oversold area. I have my trade plan for EN and hope you won't mind me sharing it. {image} {image} {image} Any suggestions and ideas are most welcome Regards
Hello! Can you share this indicator with daily Pivots? I would be very appreciative!
  • #35,297
  • Apr 9, 2014 2:35pm Apr 9, 2014 2:35pm
London h4 trades I let run till I got up this morning.

I would have been around 20 pip loss if I closed on London 2pm bar, but luck has me 17 pips in front
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My daily swimmers are doing very well and I may let them go a little further being 150 pips in front

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  • #35,298
  • Apr 9, 2014 2:39pm Apr 9, 2014 2:39pm
Quoting nsscott
{quote} Sorry Emm...what is a PCRF? Thanks!
Please do not be sorry when you ask a question here. That will help many others too who do not know. Be blessed when you do so.

PCRF = Pullback Candle Reversal Formation

That is what member Phx62 named those candlestick pattern. He shared many of his H1 trades here in this thread using this PCRF. I learned that, did backtests and found that to be a good setup to use so I added that to my trading arsenal of trade setups to look for when I trade H1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,299
  • Apr 9, 2014 2:48pm Apr 9, 2014 2:48pm
The only daily candidate I should find to add to the team is AN, but the chart looks inconclusive.

Looks like MC in charge and lerts face it, rading against the Aussie has been a big loser for many

I do like the daily downward channel and also breaking out of the 4 hr channel.

Any comments
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  • #35,300
  • Apr 9, 2014 2:54pm Apr 9, 2014 2:54pm
Quoting Bizzzle
{quote} I was actually wondering when it was gonna happen I thought, I know Big E was good but a negative day has to come soon lol Going out now so I will not be replying to anyone till tomorrow! Good luck to you all
You are right - a losing trade (s) is really a winner if the trading plan has been followed. But the big plus - they strengthen us mentally

Another question:

To trade EF system correctly I need both the closing bar and opening bar above or below the EMA depending on direction?

Thanks

Gil
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